Peoples Bancorp Inc. (Ohio) Upgraded by Raymond James to Strong-Buy (PEBO)
Peoples Bancorp Inc. (Ohio) (NASDAQ:PEBO) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $28.00 price objective on the stock, up from their previous price objective of $26.00. Raymond James’ target price would suggest a potential upside of 17.25% from the stock’s previous close.
Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) traded up 1.75% during mid-day trading on Tuesday, hitting $23.88. 43,254 shares of the company’s stock traded hands. Peoples Bancorp Inc. has a 52-week low of $17.5455 and a 52-week high of $24.37. The stock’s 50-day moving average is $22.08 and its 200-day moving average is $22.00. The company has a market cap of $253.2 million and a price-to-earnings ratio of 14.40.
Peoples Bancorp Inc. (Ohio) (NASDAQ:PEBO) last released its earnings data on Thursday, January 23rd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.10. During the same quarter in the prior year, the company posted $0.36 earnings per share. Analysts expect that Peoples Bancorp Inc. will post $1.79 EPS for the current fiscal year.
Peoples Bancorp Inc (NASDAQ:PEBO) operates through its wholly owned subsidiary, Peoples Bank, National Association (Peoples Bank).
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